In the olden days, when someone wanted a home loan they walked downtown to the neighborhood bank or savings & loan. If the bank had extra funds lying around and considered you a good credit risk, they would lend you the money from their own funds. It doe...
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Posted on April 27, 2020 - 05:00 AM
by Debra Valdes
Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email spam becoming more pervasive as everyone tries to get rich quick on the Internet, these ads are popping u...
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Posted on March 23, 2020 - 05:00 AM
by Debra Valdes
An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property...
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Posted on February 17, 2020 - 05:00 AM
by Debra Valdes
There really is no such thing as a no-cost mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document fees, processing fees, flood certification fees, recording fees, notary fees, tax service fees, wire fees...
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Posted on January 13, 2020 - 05:00 AM
by Debra Valdes
How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with an interest rate about 1% below a thirty-year fixed rate mortgage and pay zero points? Or a loan where you did not ha...
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Posted on December 9, 2019 - 05:00 AM
by Debra Valdes
What kind of lender is best? If you ask a loan officer, "What kind of lender is best?" the answer will be whatever kind of company he works for and he will give you a list of reasons why. If you meet the same loan officer years later, and he works for a ...
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Posted on November 4, 2019 - 05:00 AM
by Debra Valdes
What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau's computer evaluates a complete credit profile and assigns a score, which is used to estimat...
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Posted on September 30, 2019 - 05:00 AM
by Debra Valdes
Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is conside...
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Posted on September 9, 2019 - 09:42 AM
by Debra Valdes
Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next...
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Posted on September 9, 2019 - 09:42 AM
by Debra Valdes
Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getti...
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Recent recognition includes being highlighted on the cover of the Tampa Bay Business Journal - The 2023 Who's Who in Residential Real Estate, awarded the Best of Zillow badge, being recognized and awarded one of the top three Best Realtors of Tampa Bay for the past 6 years and being highlighted in the Tampa Bay Real Producers Magazine.
